Bell Globemedia Completes Purchase Of All CHUM Ltd. Shares

October 30, 2006 at 4:49 PM (PT)

Canadian media giant BELL GLOBEMEDIA has completed its acquisition of all shares of CHUM LTD. after a CHUM shareholders meeting MONDAY morning approved the amalgamation of the company with an indirect wholly-owned subsidiary of BGM.

BGM has acquired all CHUM shares left outstanding after BGM's tender offer expired on SEPTEMBER 12 under a compulsory acquisition. The shares will be held by an independent trustee pending CRTC approval of the deal. CHUM's common shares have been delisted from the TORONTO STOCK EXCHANGE and Class B shares will be delisted within three business days.